Same as when Microsoft billions to "disrupt" Google in search with Bing. Fail.
If it was simply a matter of money then there are plenty of companies with alot more than $1B to spend on stealing FB's business.
When companies fail, as most do in the end, it is usually because not of external reasons but internal reasons - typically the company has grown too dogmatic in its own beliefs about its plac in the world which makes it ripe for disruption and replacement. This happened alot more in the early days of computing when the platforms were in flux - today the platforms are relatively stable which makes for long term stability of those companies that won the "winner takes all" battles.
There was a time, hard to believe now, where it looked very much like Microsoft woud own all computing for the foreseeable future. That didn't last long, and dogmatism and internal politics are to blame for that future not happening as anticipated.
Same as when Microsoft billions to "disrupt" Google in search with Bing. Fail.
If it was simply a matter of money then there are plenty of companies with alot more than $1B to spend on stealing FB's business.
When companies fail, as most do in the end, it is usually because not of external reasons but internal reasons - typically the company has grown too dogmatic in its own beliefs about its plac in the world which makes it ripe for disruption and replacement. This happened alot more in the early days of computing when the platforms were in flux - today the platforms are relatively stable which makes for long term stability of those companies that won the "winner takes all" battles.
There was a time, hard to believe now, where it looked very much like Microsoft woud own all computing for the foreseeable future. That didn't last long, and dogmatism and internal politics are to blame for that future not happening as anticipated.